Piramal Ent. shares drop 0.57% as Sensex falls

Piramal Ent. shares drop 0.57% as Sensex falls
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Synopsis

A total of 112,840 shares changed hands on the counter till 01:54PM (IST)

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Shrikant Chouhan of Kotak Securities said Nifty50 topping the 15,800 mark was completely unexpected.
Shares of Piramal Enterprises Ltd. traded 0.57 per cent down at Rs 2499.05 at 01:54PM (IST) on Thursday, even as BSE benchmark Sensex dropped 644.42 points to 58913.91. The stock had settled at Rs 2513.45 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 3013.0 and Rs 1404.0, respectively.

As per BSE data, total traded volume on the counter till 01:54PM (IST) stood at 01:54PM shares with turnover at Rs 28.32 crore.

At the prevailing price, shares of the company trades at 51.17 times its trailing 12-month EPS of Rs 48.9 per share and 1.22 times its price-to-book value, the exchange data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.96.

Shareholding Details
Promoters held 43.49 per cent stake in the company as of 31-Dec-2021, while FIIs owned 35.31 per cent and DIIs 8.19 per cent.

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